Category: Energy

Despite the fact that they have recently gone through a name change the oil and natural gas company now known as Obsidian Energy has remained focused on delivering quality results to their customers and investors. Though it has been around since 1976 (founded in Calgary) as Penn West Petroleum Ltd, Obsidian Energy is now in the process of ushering in a brand-new era that is relentlessly focused on providing a bright future. Going forward it is easy to picture Obsidian Energy atop the oil and natural gas industry in Canada for decades to come.

If you, like many, are curious about where the name comes from it was selected by CEO Dave French due to obsidian being a natural gas that can be both “sharpened” and “honed”. It is symbolic in nature for a company that is constantly looking forward to the future. The name change coincides with an effort by Obsidian Energy to deliver on their promises to make the company leaner and stronger in order to continue their growth well into the future. One thing that has remained the same since their inception is 1976 is the passion for what they do, and that is evident to any outside observer as well as any employee of the company.

One thing that won’t be changing alongside the name, however, is Obsidian Energy’s commitment to giving back to their community and surrounding environment. Their insistence on communicating openly and honestly with residents of the areas they are working in is refreshing in an era marred with corporations who only act in secrecy. Additionally, they are constantly working to refine their safety procedures to the point where they are not just simply meeting legislative requirements, but in many cases exceeding them. These are just some of the many ways Obsidian Energy is looking out for both their employees and residents of the areas they serve. Click Here for more information.

Going forward for the company it seems CEO Dave French hit the nail on the head with the name change. As we move forward expect many exciting developments on how the company proceeds in taking their plan to “hone” and “refine” Obsidian to the next level. One thing is for certain: the change is exciting.